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What Benefits Await You When You Register A Company
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Posted On :
Oct-12-2011
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Article Word Count :
369
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The economic downturn has seen more and more people forming their own business. Doing so can present the new business owner with many options and benefits and while managing a successful business is certainly a challenge it is one that many people do rise to every single day.
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The economic downturn has seen more and more people forming their own business. Doing so can present the new business owner with many options and benefits and while managing a successful business is certainly a challenge it is one that many people do rise to every single day. Most entrepreneurs and businesspeople register a company because it offers flexibility in trading and conducting their daily business while also enabling them to strike out alone.
One alternative to setting up your own business or continuing in the daily grind is to become a registered freelancer. This is quite different to registering a company. There is essentially no legal entity for the business and this means that the freelancer retains all liability for their business. If the business hits financial problems then so too does the individual.
One of the benefits when you register a company is that it can remove some or all of this liability and exposure. It leaves the founder of the company to worry about running a successful business and it can also mean the introduction of one or more business partners, company secretary, and even shareholders depending on the type of company formation that is opted for. This offers a number of trading advantages over registering as a freelancer.
Business entities carry a certain amount of gravitas. Having a company registration number and VAT registration number means that other businesses and some consumers will have greater respect and trust for you or your business so that you can enjoy all the benefits that these offer. You can enjoy tax breaks and, if you choose to register a business offshore then you can enjoy even greater tax exemptions and benefits.
If you wish to trade as a business in the UK then you need to register a company with Companies House. It is necessary to provide information on the directories, secretary, and shareholders of the company while also submitting certain information about the business itself. There are alternatives, such as buying off the shelf companies, or registering offshore for even greater tax benefits. Making the right choice will help ensure that you enjoy greater potential for success when you register a company.
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Article Source :
http://www.articleseen.com/Article_What Benefits Await You When You Register A Company_91098.aspx
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Author Resource :
Register a company with CompanyFormations247.co.uk and you can enjoy a fast and inexpensive service as well as access to a number of other beneficial registration and business services.
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Keywords :
company formation, company formations, company formation uk, company formation services,
Category :
Business
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Business
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